Citizens Financial Group, Inc. (CFG) Q4 2022 Earnings Call Transcript

Citizens Financial Group, Inc. (NYSE:CFG) Q4 2022 Earnings Conference Call January 17, 2023 9:00 AM ET

Company Participants

Kristin Silberberg - Executive Vice President, Investor Relations

Bruce Van Saun - Chairman & Chief Executive Officer

John Woods - Chief Financial Officer

Don McCree - Head, Commercial Banking

Brendan Coughlin - Head, Consumer Banking

Conference Call Participants

Scott Siefers - Piper Sandler

Peter Winter - D.A. Davidson & Co.

Kenneth Usdin - Jefferies

John Pancari - Evercore ISI

Manan Gosalia - Morgan Stanley

Vivek Juneja - JPMorgan

Operator

Good morning, everyone, and welcome to the Citizens Financial Group Fourth Quarter and Full-Year 2022 Earnings Conference Call. My name is Keeley, and I'll be your operator today. [Operator Instructions] As a reminder, this event is being recorded.

Now, I'll turn the call over to Kristin Silberberg, Executive Vice President, Investor Relations. Kristin, you may begin.

Kristin Silberberg

Thank you, Keeley. Good morning, everyone, and thank you for joining us. First, this morning, our Chairman and CEO, Bruce Van Saun; and CFO, John Woods, will provide an overview of our fourth quarter and full-year results. Brendan Coughlin, Head of Consumer Banking; and Don McCree, Head of Commercial Banking, are also here to provide additional color. We will be referencing our fourth quarter and full-year earnings presentation located on our Investor Relations website. After the presentation, we will be happy to take questions.

Our comments today will include forward-looking statements, which are subject to risks and uncertainties that may cause our results to differ materially from expectations. These are outlined for your review on page two of the presentation. We are also referencing non-GAAP financial measures. So it's important to review our GAAP results on page three of the presentation and the reconciliations in the appendix.

With that, I will hand over to you, Bruce.

Bruce Van Saun

Okay. Thanks, Kristin. And good morning, everyone. Thanks for joining our call today. We're pleased with the financial performance we delivered for the fourth quarter and the full-year and we feel well positioned to navigate through an uncertain environment in 2023. We are playing strong defense with a robust balance sheet position and highly prudent credit risk appetite. At the same time, we continue to play disciplined offense with continuing investments in our growth initiatives. We are focused on building out a prudent, sustainable growth trajectory over the medium-term.